Sunday, 28 February 2016

Tony Abbott. Economic Guru

When Tony Abbott came into office he was faced with a deficit of 1.9% . Payments were 25.3% and Receipts 23.6% of GDP.

The Structural budget balance was -1 to -3% of GDP.

The budget deficit is presently 2.3% of GDP. Payments are 25.9% of GDP and Receipts are 23.9% of GDP.

 The structural  budget balance is the same.
If you think Tony Abbott knows anything about budgets or had a record to be immensely proud of then you are a complete idiot and should be sent off to the Asylum. Say no more!

If Abbott tried to reduce the deficit as quick as he said would  in Opposition Australia would be in recession now as we have observed previously.